AU Small Finance Bank Ltd

NSE :AUBANK   BSE :540611  Sector : Banks

About Company: AU Small Finance Bank is engaged in providing a range of banking and financial services including retail banking, wholesale banking and treasury operations and other services.

Daily Chart of AUBANK:

Technical Outlook Of AUBANK:

Today on Wednesday 5th Jan 2022 AUBANK saw profit booking from intraday high of 1249.40 and finally closed at 1169.35. Losing Rs.80 Per share from Days high. If we look at the chart pattern on the daily time frame chart, it can be observed that stock is trading in a downwards sloping channel pattern. Stock took channel pattern resistance and we expect further up move only if stock closes above the channel line resistance. We expect some more profit booking at the counter. On the lower side 200 EMA lies at 1136, it will act as strong support for the stock.

Currently stock is trading in a range and no trading fresh buying or selling is recommended in the stock. Till it closes either above channel line resistance or closes below 200 Days EMA.